By Christopher Romano — Nov 15 - 01:40 PM
NY opened near 1.0575 after 1.052375 traded on EBS during Asia hours
1.0593 hit early NY but sellers emerged, EUR/USD neared the overnight low
US yields US2YT=RR, U$ rallied after retail sales, exp/imp price reports
Data drove investors to rethink the Fed's rate cutting path
DE-US spreads US2DE2=RR widened to increase the dollar's yield advantage
Gold XAU=, stocks ESv1 fell, USD/CNH rallied to reinforce US$ buying
EUR/USD bounced of NY's low, neared 1.0560, then neared 1.0540 late
Pair traded up +0.13% in NY's afternoon but techs leaned bearish
Hold below 5-DMA & psychological 1.0600 level, monthly RSI are bear signs
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary